Pro Music Rights (OTCMKTS:NUVG) is 5th public performance rights organization formed in the United States. The licensees include reputed firms such as iHeart Media, TikTok, Napster, Triller, 7Digital, Vevo amongst others.
Trading Data
On Thursday, NUVG stock rose 5.07% to $0.0756 with more than 36.29K shares traded, compared to volume of 383.95K shares. The stock moved within a range of $0.0652 – 0.0749 after opening trading at $0.0720.
Pro Music Rights (OTC:NUVG) One of the World’s Largest Music Licensing Companies, Announces That It Has Submitted a Request to FINRA To Change Its Name and Symbol
Pro Music Rights on August 25, 2022, announced the submission of a request to FINRA for changing the Symbol and Name.
Industry Market Leader Pro Music Rights, Inc. (OTC: NUVG) Announces Q2 2022 Results with $432,579,903 in Assets with Significant Share Value Increase for Shareholders
Pro Music Rights Inc on August 23, 2022, on August 23, 2022, announced financial results for quarter two ending June 30, 2022, which can be found at EDGAR. The firm’s assets surged to $432,579,903 for the second quarter of the year from $323,562,671 at the end of the year 2021. This was an increase of $109,017,232 in the total assets bringing book value to $0.12 per share. The company’s immediate value to shareholders is a minimum of 128.8% of the overall asset and book value, as the closing price of its common stock at $0.053 on August 22.
Currently, the company generates revenue through licensing of musical works in the repository. Earlier, the company granted the quarter video service TikTok license, which will permit users to create videos including music from Pro Music Rights’ extensive repertoire. The agreement will permit TikTok to give PMRs over 2,500,000 works to the users.
Technical Data
NUVG stock is trading above the 20-Day and 50-Day Moving averages of $0.0820 and $0.0662 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0295. The company has a total market capitalization of $269.66 million.
